Northern Graphite Announces Price Increase Due to Inflationary Pressures
Northern Graphite Announces Price Increase
Due to Inflationary Pressures
Ottawa, Ontario--(Newsfile Corp. - July 6, 2022) - Northern Graphite Corporation
(TSXV: NGC)
(OTCQB: NGPHF)
(the "
Company
" or "
Northern
") is informing the market that it will increase prices
on production from its Lac des Iles, Quebec graphite mine by 6% in order to cover rising costs due to
global inflationary pressures on energy, freight and operational expenses. The price increase will impact
all orders received on, or after July 21st, 2022.
Northern values its customers and their loyalty and will revisit this price increase if fuel and transportation
costs decline in the coming months.
About Northern Graphite
Northern Graphite is a TSX Venture Exchange listed Canadian company focussed on becoming a world
leader in producing natural graphite and upgrading it into high value products critical to the green
economy including anode material for LiBs/EVs, fuel cells and graphene, as well as advanced industrial
technologies.
Northern is the only significant graphite producing company in North America and will become the third
largest non-Chinese producer when its Namibian operations come back on line in the first half of 2023.
The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande
in Namibia, that will be a source of continued production growth in the future.
All projects have "battery
quality" graphite and are located close to infrastructure in politically stable countries.
For additional information
Please visit the Company's website at
http://www.northerngraphite.com/investors/presentation/
, the
Company's profile on
www.sedar.com,
our
Social Channels
listed below or contact the Company at
(613) 241-9959.
YouTube
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward- looking statements and information are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this release include statements regarding,
among others; the Company's intentions with respect to its operations and development projects. All
such forward-looking statements are based on assumptions and analyses made by management
based on their experience and perception of historical trends, current conditions and expected future
developments, as well as other factors they believe are appropriate in the circumstances. However,
these statements are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected including, but not limited to
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the
failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices;
unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated
studies to deliver anticipated results or results that would justify and support continued studies,
development or operations. Readers are cautioned not to place undue reliance on forward-looking
information or statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/130123